Invesco BuyBack Achievers ETF $PKW Position Lowered by Pacific Wealth Strategies Group Inc.

Pacific Wealth Strategies Group Inc. lessened its stake in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 28.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 81,647 shares of the exchange traded fund’s stock after selling 33,127 shares during the period. Invesco BuyBack Achievers ETF accounts for approximately 6.7% of Pacific Wealth Strategies Group Inc.’s portfolio, making the stock its 4th biggest position. Pacific Wealth Strategies Group Inc. owned about 0.74% of Invesco BuyBack Achievers ETF worth $10,203,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PKW. Sovran Advisors LLC raised its holdings in shares of Invesco BuyBack Achievers ETF by 92.2% during the 2nd quarter. Sovran Advisors LLC now owns 46,046 shares of the exchange traded fund’s stock worth $5,782,000 after acquiring an additional 22,088 shares during the period. Raymond James Financial Inc. increased its position in shares of Invesco BuyBack Achievers ETF by 7.3% during the 1st quarter. Raymond James Financial Inc. now owns 268,522 shares of the exchange traded fund’s stock worth $30,253,000 after purchasing an additional 18,337 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Invesco BuyBack Achievers ETF by 172.7% during the 1st quarter. NewEdge Advisors LLC now owns 24,164 shares of the exchange traded fund’s stock worth $2,722,000 after purchasing an additional 15,304 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in shares of Invesco BuyBack Achievers ETF by 350.6% during the 1st quarter. J.W. Cole Advisors Inc. now owns 18,761 shares of the exchange traded fund’s stock worth $2,114,000 after purchasing an additional 14,597 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF during the 1st quarter worth about $1,613,000.

Invesco BuyBack Achievers ETF Trading Down 0.2%

Shares of NASDAQ:PKW opened at $129.43 on Tuesday. The business has a 50-day moving average price of $131.61 and a 200 day moving average price of $124.64. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 15.13 and a beta of 1.05. Invesco BuyBack Achievers ETF has a 12-month low of $96.10 and a 12-month high of $134.95.

Invesco BuyBack Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were given a dividend of $0.3774 per share. This represents a $1.51 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, September 22nd. This is a positive change from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.37.

Invesco BuyBack Achievers ETF Profile

PowerShares Buyback Achievers Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Share BuyBack Achievers Index (the Index). The Index is designed to track the performance of companies that meet the requirements to be classified as BuyBack Achievers. To become eligible for inclusion in the Index, a company must be incorporated in the United States, trade on a United States exchange and must have repurchased at least 5% or more of its outstanding shares for the trailing 12 months.